The Washington, DC housing market is somewhat competitive. Homes in Washington, DC receive 2 offers on average and sell in around 55 days. The median sale price of a home in Washington, DC was $610K last month, down 2.4% since last year. The median sale price per square foot in Washington, DC is $504, down 1.6% since last year.
What is the housing market like in Washington, DC today?
In September 2024, Washington, DC home prices were down 2.4% compared to last year, selling for a median price of $610K. On average, homes in Washington, DC sell after 55 days on the market compared to 54 days last year. There were 414 homes sold in September this year, down from 478 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$609,500
-2.4% YoY | Sep 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Sep 2024
Growth
% YoY
Washington, DC, DC
$609,500
-2.4%
United States
To compare other locations to the Washington, DC and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Washington, DC's median sale price is 42% higher than the national average. Overall cost of living in Washington, DC is 45% higher than the national average. Learn which home features in Washington, DC add value to a home.
How much is your home worth? Track your home’s value and compare it to nearby sales.
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How hot is the Washington, DC housing market?
Washington, DC is somewhat competitive. Homes sell in 48 days.
0
100
48
Somewhat Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Some homes get multiple offers.
The average homes sell for about 1% below list price and go pending in around 48 days.
Hot homes
can sell for about 1% above list price and go pending in around 21 days.
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
Home offer insights for Washington, DC
Explore recent offers and recently sold homes in Washington, DC
Recent offers
Offer Not Accepted|
5 Weeks Ago
~$325K Offer
Sold for $300K
4bd | 3ba | ~2,000sqft
Over List Price
18%
Days on Market
8
Competing Offers
8
Down Payment
—
Natalie Wiggins
Washington, DC Redfin Agent
We were the top offer in terms of price but there was a cash offer that was somewhat close to our price but did not have to use financing. The seller was concerned that it would not qualify for conventional with the foundation issue. …
More
Offer Not Accepted|
5 Weeks Ago
~$300K Offer
Sold for $300K
4bd | 3ba | ~2,000sqft
Over List Price
12%
Days on Market
8
Competing Offers
—
Down Payment
<10%
Melissa Strocko
Washington, DC Redfin Agent
The received 9 offers, they accepted cash with no contingencies
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Washington, DC housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Washington, DC.
Flood Factor - Major
19% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Washington, DC has a major risk of flooding. 16,134 properties in Washington, DC are likely to be
severely affected
by flooding over the next 30 years. This represents 19% of all properties in Washington, DC. Flood risk is increasing slower than the national average.
15% of properties are at risk of wildfire over the next 30 years
Fire Factor
Washington, DC has a moderate risk of wildfire. There are 21,392 properties in Washington, DC that have some risk of being affected by wildfire over the next 30 years. This represents 15% of all properties in Washington, DC.
98% of properties are at moderate
risk of a severe wind event over the next 30 years
Wind Factor
Washington, DC has a Moderate Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Washington, DC is most at risk from hurricanes. 134,926 properties in Washington, DC have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 72 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 84 mph.